26 April 2016

Submarine contract a significant boost for local industry

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‘Today’s announcement that DCNS will build the country’s next fleet of submarines in Australia is an historic investment for the local ship building industry,’ says ICN Limited’s executive director, Derek Lark.

‘ICN has a consultant embedded in Australian Submarine Corporation (ASC) to promote the vast capability and innovation of local suppliers and we are pleased to have been part of such a significant process.

‘Since we started 30 years ago, funding received from the Australian Government has allowed ICN to help local companies win more than $30 billion worth of work.

‘We use this funding for one purpose only and that’s to help local businesses win contracts that otherwise may have gone overseas,’ Derek said.

‘We applaud Prime Minister Turnbull’s commitment that every dollar spent on defence procurement should be spent in Australia wherever possible.

‘And particularly note, the importance the government has placed on the use of local steel.

‘ICN has a long history in the defence procurement space and we look forward to seeing a sustainable naval shipbuilding industry in Australia.

‘Our experience shows that Australia is home to incredibly capable and innovative local suppliers, and this announcement acknowledges the expertise available right here in Australia,’ Derek said.

‘The announcement reinforces the Turnbull Government’s commitment to innovation and how it will be key to our country’s long-term success.

‘Every day we work with innovative suppliers to help them find new customers and markets. We’ve facilitated contracts for gas drainage systems into China, cyclone-proof homes in the South Pacific and even a world-first technology for objectively grading opals,’ Derek said.

‘Local build, local jobs, local steel and local innovation. This is an exciting time for South Australia and the greater Australian community.

‘The Prime Minister has sent a strong message to the business community about its commitment to jobs and industry growth. We look forward to working with the government to support this growth,’ Mr Lark said.

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